Tenable Holdings, Inc. (NASDAQ:TENB) CEO Stephen A. Vintz Sells 6,681 Shares

Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) CEO Stephen A. Vintz sold 6,681 shares of Tenable stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $38.16, for a total value of $254,946.96. Following the sale, the chief executive officer now owns 316,523 shares in the company, valued at $12,078,517.68. This represents a 2.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Tenable Stock Performance

NASDAQ:TENB traded up $0.99 during mid-day trading on Tuesday, hitting $38.64. The stock had a trading volume of 736,580 shares, compared to its average volume of 907,397. Tenable Holdings, Inc. has a 52 week low of $35.25 and a 52 week high of $50.30. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of -128.78 and a beta of 0.87. The company has a 50 day simple moving average of $40.38 and a 200-day simple moving average of $40.91.

Tenable (NASDAQ:TENB - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. On average, research analysts expect that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

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Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Tenable by 858.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company's stock valued at $25,000 after purchasing an additional 575 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Tenable by 84.5% in the third quarter. Covestor Ltd now owns 631 shares of the company's stock valued at $26,000 after buying an additional 289 shares during the period. Larson Financial Group LLC boosted its stake in Tenable by 658.6% during the third quarter. Larson Financial Group LLC now owns 751 shares of the company's stock valued at $30,000 after buying an additional 652 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new position in Tenable during the fourth quarter worth about $35,000. Finally, SBI Securities Co. Ltd. bought a new stake in Tenable in the fourth quarter worth about $38,000. Institutional investors and hedge funds own 89.06% of the company's stock.

Analyst Ratings Changes

TENB has been the subject of several recent analyst reports. Morgan Stanley reissued an "equal weight" rating and set a $47.00 price objective (down from $50.00) on shares of Tenable in a report on Monday, December 2nd. Jefferies Financial Group lifted their price target on Tenable from $40.00 to $45.00 and gave the stock a "hold" rating in a research note on Thursday, December 19th. Stifel Nicolaus cut Tenable from a "buy" rating to a "hold" rating and cut their price objective for the company from $46.00 to $45.00 in a research note on Friday, January 17th. Needham & Company LLC reiterated a "buy" rating and issued a $50.00 target price on shares of Tenable in a research report on Thursday, February 6th. Finally, Scotiabank upped their price target on Tenable from $44.00 to $45.00 and gave the company a "sector perform" rating in a research report on Tuesday, January 21st. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.67.

Tenable Company Profile

Tenable Holdings, Inc provides cyber exposure solutions for in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. Its platforms include Tenable Vulnerability Management, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable Cloud Security, a cloud-native cloud security solutions for security teams to continuously assess the security posture; Tenable Identity Exposure, a solution to secure Active Directory environments; Tenable Web App Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; Tenable Attack Surface Management, an external attack surface management solution; Tenable Security Center, an on-premises solution that provides a risk-based view of an organization's IT, security and compliance posture; and Tenable OT Security, an operational technology security solution which provides threat detection, asset tracking, vulnerability management, and configuration control capabilities.